Price approaching really nice supply area, where bullish momentum is clearly slower than bears. Can get higher rr entries if you wait for lower timeframe breaks of structure, then enter off refined supply zones
Dont usually like to trade NFP week, but im anticipating positive US data based on the bearish signs gold is showing (multiple wick rejections, stop hunts to the upside etc). tommorrows outcome will have a massive affect on gold in the short term, as it gives an indictation as to whether the fed will taper.
Last trade post couldnt have played out anymore beautifully than it did, currently floating 120+ pips. There is a possibility of a retracement during the Asia/London session to complete an inverse head and shoulders pattern. Again, clean setup with good risk:reward
Price has been retracing for the past 2 days, where i am looking to add buys at the highlighted orderblock, which was ultimatley the cause of the breaks of structure, nice risk:reward and pretty clean setup. Targeting the potential head and shoulder formation at $1807
Gold successfully sold off to 1800, with a nice sharp wick indicating it was a typical stop sweep. Scouting for buying opportunites. Price is at a nice trendline + support area making it a valid buy setup. Entry preferably during london session but will scale in now.
Price has returned to a nice level of support where we could see a positive reaction to the zone. I am wary of the gap between 1804/06 however. If price does play out in our favour, will look to hold to 1850-60ish
Apple is following almost identically the distribution schematic that bitcoin made viral not so long ago. Buying pressure seems to be drying up, and if we dont see all time highs in the next 1-2 weeks, this could possibly be the top for APPLE for a long time. Being such a highly rated stock, its bullish depletion signals that we could be at the top of the stock...